While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the goldThursday, November 16, 2017

It’s funny that you can’t hardly give away gold or silver in the U.S.
or Europe – you know, the nations that are completely broke and need to
preserve their wealth, while at the exact same time the people that are
moving up the wealth ladder, China, Russia and India, are all acquiring
gold and silver by the handful. What does that tell you about wealth
preservation?
We, in the West, get articles from the mainstream media telling us to
stay away from gold or “invest” in gold through paper vFriday, November 3, 2017

From Xinhua News Agency, Beijing
Tuesday, October 31, 2017
SHANGHAI -- The Shanghai Gold exchange celebrated its 15th anniversary on Monday.
The exchange started business on Oct. 30, 2002, and the last 15 years have been a journey of the opening up of China's gold market, the exchange said in a statement.
In 2007 China became the world's largest gold producer, replacing South Africa, it said. According to the China Gold Association, China produced 453 tonnes of gold and bought 975 tonnes in 2016Tuesday, October 31, 2017

An infographic showing Australia was the worldâ??s second largest gold producing country in 2012 at 250 metric tons, some way behind China at 370 metric tons. [From graphs.net via Mining.com]. Chinese output continues to rise: some 270.167 tonnes were produced there between January to August 2013, an increase of 8.2% according to reports citing China Gold Association.
First quarter production in Australia fell 5% from the previous year, but experienced a revival in the thThursday, October 26, 2017

Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia.
The Russian Federation’s central bank, the Bank of RussiaTuesday, October 17, 2017

SHANGHAI -- China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported today, quoting an official with the national gold association.
China has been the world's biggest gold producer for 10 years and the largest consumer of the metal for four years, it said. China aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently, it said.
Last year 70,000 tonnes of gold were traded in China on spot exchanges, futures Wednesday, October 4, 2017

I don’t like to use inflammatory language, such as the title of this article, but the message from the mainstream media about gold demand is a lie misleading.Yes, coin purchases in North America are down compared to last year (a record-setting year, by the way). It’s been soft at a few other Mints as well, such as Perth.But Eagle and Kangaroo purchases aren’t the whole market. You and I don’t buy paper gold products, for example, but throw in demand from this part of the industry and a very diffThursday, August 17, 2017

GOLD PRICES slipped $5 per ounce from last Friday's 8-week closing highs against the Dollar in Asian and London trade on Wednesday before new data said the US economy added fewer jobs than expected in July.
With the Dollar gold price bouncing from $1265, non-US currency prices fell harder however, touching 1-week lows for UK investors and hitting near 2-week lows against the Euro as the Dollar extended its slide to new 15-month lows versus the wWednesday, August 2, 2017

My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China.
I’m aware I’ve been absent from writing about the Chinese gold market for a long time, so for some of you it can be burdensome to pick up Tuesday, August 1, 2017

BEIJING -- China's gold output fell by 9.85 percent from a year ago to 206.542 tonnes in the first half of 2017, state media said Friday, citing data from the China Gold Association.
The country's consumption, however, was up by 9.89 per cent to 545.23 tonnes over the same period, said the People's Daily, leading to higher imports by the world's top gold consumer as indicated by data out of Hong Kong on Thursday.
China's gold mineral output stood at 178.46 tonnes in the first half, while gold exSaturday, July 29, 2017

GOLD BULLION fell against all major currencies bar the US Dollar in London on Tuesday, losing 1% from yesterday's 3-week high in Euro terms as Western stock markets rose with major government bond yields.
Ten-year US Treasury yields touched 1-week highs at 2.29% as bond prices fell ahead of tomorrow's US Federal Reserve decision on monetary policy – widely expected to leave rates and QE holdings unchanged.
Tuesday, July 25, 2017

USAGOLD/Peter Grant/05-26-17
Gold surged to pressure the four-week high 1270.38, buoyed by ongoing political and geopolitical concerns. These gains further improve the near-term technical picture and may be prompting short covering ahead of the long holiday weekend.
Geopolitical tensions ratcheted higher after President Trump pledged to solve the “Big problem” that is North Korea. NBC news is reporting that Jared Kushner, the president’s son-in-law and a senior advisers, has “come under FBI scruFriday, May 26, 2017

GOLD BULLION set a new 2-month low against the US Dollar on Tuesday, falling to $1224 per ounce as European stock markets rose and bond yields ticked higher following the weekend's election of centrist ex-investment banker Emmanuel Macron as President of France.
Silver fell harder, dropping to its lowest since the opening day of 2017 at $16.16 per ounce and dropping 13% from mid-April's 5-month high.
Tuesday, May 9, 2017

I wrote a few weeks ago about the lack of knowledge around China’s gold mining sector.
But this past week, a new report from within the country provided a rare glimpse into China’s gold production. Showing some unusual patterns in output and consumption — that could have major implications for the global gold market.
That report was released Friday from the China Gold Association, as reported by Platts. Detailing gold mining output, demand and imports for the first quarter of 2017.
Here’s the moWednesday, May 3, 2017

BUY GOLD prices in London's wholesale market held steady against a falling US Dollar on Friday, heading for a 1.3% weekly drop but rising 1.4% across the month of April at $1267 per ounce., the price to buy gold rose 1.4%,
Ahead of the US open, that beat the S&P500 stock index's 1.1% gain from the end of March.
Crude oil traded flat around $50 per barrel. Silver prices held almost 5% lower, fixiFriday, April 28, 2017

Xinhua/An/04-27-17
China’s actual gold consumption rose 14.73 percent to 304.14 tonnes in the first quarter of 2017 due to steady gold ornament sales and strong sales of gold bars, new data showed Thursday.
Thanks to strong demand around Chinese New Year, gold ornament sales rose 1.4 percent to 170.93 tonnes and gold bar sales surged 60.18 percent to 101.19 tonnes, the China Gold Association said.
The surge in gold bar sales came on the back of more people using them to hedge against risk as theFriday, April 28, 2017

For 2016 international merchandise trade statistics point out China has net imported roughly 1,300 tonnes of gold, down 17 % from 2015. The importance of measuring gold imports into the Chinese domestic gold market – which are prohibited from being exported – is to come to the best understanding on the division of above ground reserves in and outside the Chinese domestic market.
Kindly be advised to have read my posts the Mechanics Of The Chinese Domestic Gold Market. If segments in this post arWednesday, February 15, 2017

GOLD BARS traded in London's wholesale market dropped near $1200 per ounce on Wednesday, retreating 1.5% from Monday's new 9-week highs even as the US Dollar fell hard on the forex market while world equity indexes rose sharply.
Hitting new 10-week lows against the Chinese Yuan, the Dollar held firm versus the Euro but hit fresh 1-month lows against the "commodity currencies" of New Zealand and Australia.
The British Pound rose to its highest level since mid-December atWednesday, January 25, 2017

The China Gold and Precious Metals Summit 2016, the 11th Summit convened by the China Gold Association and the Shanghai Gold Exchange took place on December 7th and 8th and GoldCore presented at the event and moderated an expert panel discussion.
China Gold and Precious Metals Summit 2016 – Panel Discussion with Stephen Flood
China’s leading gold conference was attended by over 250 gold industry professionals from across the value chain including mining companies, refiners & fabricators, bullioWednesday, December 21, 2016